SYMMETRICAL PATTERN SPOTTED IN #CRUDEOIL -- WHAT TO DO?

Sep 25, 2023

The symmetrical pattern means a neutral chart pattern with two converging trend lines. More likely to break out in the direction of the prevailing trend.

SELL BELOW - 7470
BUY ABOVE - 7580

Sep 25, 2023

Note

#CrudeOil trading strategy after hitting 7459

Wait for crude oil to hit 7459 and then see if it gives a direction.

If it breaks out to the #upside, consider buying above the breakout level.

If it breaks out to the #downside, consider selling below the #Breakout level.